About your Search

20121001
20121031
Search Results 0 to 15 of about 16 (some duplicates have been removed)
into the future. a look at 2016 under a president romney or a second term of president obama. but first, here's where we are today. the u.s.'s largest trading partners are struggling, and that is strengthening the economic storm that's headed over from europe to the united states shores. this week the international monetary fund cut its forecast for global growth for both this career and next year. that's the world economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that depends on which of these two roads america takes on election day. i'm going to take you down both paths in this show starting with what 2016 will look look under a president mitt romney. start with jobs. he sa
romney head into the homestretch and prepare for their very last debate. find out why this time around the entire world will be watching. your money with ali belchi starts right now:you want lower taxes, mitt romney says he'll cut everyone's taxes and he'll lower the deficit. wow! now, that would be having your cake and eating it, too. i'm ali velshi. folks won't tell you the truth about the economy, i will. here's the problem with mitt romney's math. he slashes personal income taxes by 20% across the board. the cost of doing so will be e$ trillion over ten years. that's less money for a government already deep in the red. one that assumes makes the deficit worse, right? wrong says mitt romney. he'll pay for the tax cut by limit the tax breaks which the wealth why i can take which according to the nonpartisan tax policy sent core cover $2 trillion of the projected $5 trillion cost. romney says he can make up the difference by spurring economic growth because people will spend all that money that they're not using to pay taxes. it's not entirely clear that that will happen. if it does,
for a government already deep in the red. one that assumes makes the deficit worse, right? wrong says mitt romney. he'll pay for the tax cut by limit the tax breaks which the wealth why i can take which according to the nonpartisan tax policy sent core cover $2 trillion of the projected $5 trillion cost. romney says he can make up the difference by spurring economic growth because people will spend all that money that they're not using to pay taxes. it's not entirely clear that that will happen. if it does, it's not entirely clear how much economic growth that will produce. what is clear is that the 1.3% economic growth that u.s. achieved in this second quarter of this year isn't enough to make up for the romney short fall. and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasset is an economic adviser for the mitt romney campaign and author of some of the economic plans. kevin, romney plans seem to assume that simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep co
who might be leaning towards obama, might be leaning towards romney, but haven't cemented it in. so what we're going to see over the next two weeks or next 12 days, is they are going to make an effort to try to lock up their base, get their vote out, but also try to get these uncommitted voters to come their way. so, we've heard a lot in their messages. it has all come down to the economy. the last presidential debate this past week was about foreign policy but dominated by the discussion of the economy and that's what we're going to hear from the candidates on the campaign trail. >> candy, ultimately those, that small sliver that mark is talking about, wants answers as you suggest, they are not likely to get in the next week and a half or so. inevitably, there are going to be unanswered questions. it won't matter for the loser what is the advantage to being nonspecific right now. can they still -- can these candidates who are deadlocked, can they win this election without getting more specific? >> well, somebody will without -- and neither one of them have been very specific as you
>>> you want lower taxes. mitt romney says he'll cut everyone's taxes and he'll lower the deficit. wow! no, that would be having your cake and eating it, too. i'm ali velshi. this is "your money" and as long as folks running the office won't tell you the truth about the economy, i will. here's the problem with mitt romney's math. he slashes personal income taxes by 20% across the board, the cost of doing so will be $5 trillion over ten years. okay, so that's less money for a government already deep in the red, one would assume it makes the deficit worse, right? wrong. romney says he'll pay for that tax cut in two ways, one, he'll limit the tax breaks. he'll spur economic growth because people can use that money that they'll save this taxes. it's not entirely clear how much economic growth that will produce. what is clear is that the measly 1.3% of economic growth that they achieved in the second quarter this year isn't enough to make up for the romney shortfall, and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is
. not enough for barack obama to crow about. not that much for mitt romney to sink his teeth into. >> reporter: barack obama will crow about this number and already has. you know, we did see a big gain in this household survey. here's one of the problems with the number that came out. the big gain in jobs, ali, about 600,000 of those jobs were an increase in part time work. now, look, working part time is better than not having a job at all no, question about it. but try feeding your family, try paying your medical bills, try paying for all your other expenses like your mortgage with a 20 to 25 hour job. so, look. i think the american people still believe as i do, it's still a pretty miserable labor market out there. it's getting a little better but not a whole lot. >> diane swank is a chief economist. she joins us from chicago. diane let's talk about it. 7.8% unemployment rate. an improvement but we're not out of the wood yet. let's dealing with the real numbers. 1.1 million people unemployed in september. 40% of them have been unemployed for six months or more. as stephen just alluded to man
number is really the only one you can get your teeth into. the unemployment number not one mitt romney can sink his teeth into, either. >> we did see a big gain in this household survey. here's one of the problems with the number that came out. the big gain in jobs, ali, about 600,000 of those jobs were an increase in part-time work. now, look, working part-time is better than not having a job at all, no question about it, but try feeding your family, try paying your medical bills, try paying for all of your other expenses like your mortgage with a 20 to 25-hour job. look, i think the american people still believe, as i do, it's still a pretty miserable labor market out there. it's getting a little better, ali, but not a whole lot. >> diane swann is the chief employment director out of chicago. let's deal with other rates other than those that gets confusing. 40% have been unemployed for six months or more. as steven just alluded to, many of the jobs created are not of the quality you would like to see. what's your evaluation of where we are in our efforts to get our jobs back? >> well
an event in virginia on saturday. governor romney cancelled events that was planned for tomorrow. i should also say the romney campaign says they are suspending fundraising e-mails in washington, d.c. d.c., in virginia, pennsylvania, north carolina and new jersey. so big impact on politics. >> the romney camp moving its campaigning, paul ryan and mitt romney to ohio over the next couple of days, but there too, they might find themselves in the middle of a whole lot of snow, while that's expected there, while the east coast deals with a lot of wind, rain -- momentarily, maybe about six minutes or so away, we understand the new york mayor of michael bloomberg is expected to have a press conference about the preparations that are under way there. >> let's go to josh levs. >> as we talk about so many moves parts. we're also going to be hearing from the governors of massachusetts and pennsylvania and we'll be bringing you the information that's coming in. everyone you're seeing is in engaged in the process of making calls, reaching out, finding out everything you need to know about what's happe
Search Results 0 to 15 of about 16 (some duplicates have been removed)